Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The automotive supplier Waldaschaff Automotive in Waldaschaff near Aschaffenburg (Bavaria) will close by early summer 2026. The closure of the plant affects 350 employees.
As early as 2024, it was announced that the plant would be shut down in 2026. Since 2015, Waldaschaff Automotive has been part of the Chinese group Lingyun Industrial. The equipment from Waldaschaff will be relocated to the Esselbach plant.
According to the company, it aims to position itself more sustainably for the future and become less dependent on the automotive industry, for example through orders from the rail sector. According to Waldaschaff Automotive, the job cuts will be implemented in a socially responsible manner. There are voluntary programs and the option of moving to a transfer company.
The company will continue to employ around 50 people at the office site in Altfeld and 450 in Esselbach production sites.
Eurofound (2024), Waldaschaff Automotive, Closure in Germany, factsheet number 203985, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203985.